Statutory
Audit
A statutory audit is a legally mandated, independent examination of your company's financial statements - required under Sections 139 to 148 of the Companies Act, 2013, regardless of turnover, size, or profitability. Our Chartered Accountants conduct a thorough, true‑and‑fair review of your books and deliver an audit report that's ready for your AGM and ROC filing, on time, every time.
FIELDWORK · BOOKS OF ACCOUNT UNDER REVIEW
Who needs a statutory audit?
Every one of these is covered under the Companies Act, 2013 - there is no exemption for small size, low activity, or nil turnover.
Private Limited Co.
Mandatory from Day 1 - even at ₹0 turnover.
Public Limited Co.
Mandatory, plus enhanced CARO reporting.
One Person Company
Mandatory, with limited CARO exemptions.
LLPs above threshold
Turnover > ₹40L or contribution > ₹25L.
Companies, any size
No turnover threshold under the Companies Act.
Dormant Companies
Audit required even with zero activity.
What our audit covers
Our 5‑step audit process
Scope Definition & Planning
We understand your business, identify key risk areas, and prepare a detailed audit plan with a document checklist.
Document & Data Collection
Books of accounts, bank statements, invoices, and supporting records are gathered and organised.
Fieldwork & Verification
Our auditors examine transactions, test internal controls, and verify compliance with accounting standards.
Findings & Management Discussion
Observations are discussed with management; any discrepancies or adjustments are resolved collaboratively.
Audit Report & AGM Filing
Final Audit Report issued - ready for presentation at the AGM and filing with the ROC via Form AOC‑4.
Key compliance deadlines
| Compliance stage | Typical deadline |
|---|---|
| First Auditor Appointment (by the Board) | Within 30 days of incorporation |
| Auditor Appointment at First AGM (Form ADT‑1) | Within 15 days of AGM |
| Statutory Audit Completion | Before the AGM - generally by 30th Sept |
| Audited Financials Filing (Form AOC‑4) | Within 30 days of AGM - typically by 30th Oct |
| Auditor Tenure (Re‑appointment) | 5 consecutive years, subject to rotation rules |
Cost of non‑compliance
Under Sections 147 and 271B of the Companies Act, 2013, missing your statutory audit obligations is costly.
| Party | Penalty exposure |
|---|---|
| Company (non‑compliance) | ₹25,000 to ₹5,00,000 |
| Officers in Default | ₹10,000 to ₹1,00,000 |
| Auditor (in certain cases) | ₹25,000 to ₹5,00,000 |
| Wilful Default / Intent to Deceive | Imprisonment up to 1 year may apply |
Built for compliance, trusted beyond it
Qualified, ICAI‑Registered CAs
Every audit is led by practicing Chartered Accountants registered with the Institute of Chartered Accountants of India.
On‑Time Filing, Always
We track AGM and ROC deadlines proactively - no last‑minute scrambles, no missed Form AOC‑4 filings.
Penalty‑Risk Free
Our compliance‑first approach helps you avoid fines under Sections 147 and 271B of the Companies Act.
Audit Trail & IFC Ready
We help you stay compliant with mandatory audit trail and Internal Financial Control documentation requirements.
Beyond Just Compliance
An audit report that builds real credibility with banks, investors, and regulators - not just a checkbox exercise.
